ARM vs Fixed-Rate Mortgage

A fixed rate mortgage has the same payment for the entire term of the loan. An adjustable rate mortgage (ARM) has a rate that can change, causing your monthly payment to increase or decrease. Use this calculator to compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM.

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Property for Sale

*$10,000 Closing Cost Promotion: Savings are based on the discounts received by Berkshire Hathaway HomeServices PenFed Realty’s clients for using Berkshire Hathaway HomeServices PenFed Realty’s mortgage and title affiliates as compared to purchasing the settlement services from Berkshire Hathaway HomeServices PenFed Realty’s mortgage and title affiliates without retaining the services of Berkshire Hathaway HomeServices PenFed Realty. Terms and conditions apply and are subject to change without notice.